AES Third Quarter 2024 Earnings: EPS: US$0.72 (vs US$0.34 in 3Q 2023)

AES (NYSE:AES) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.29b (down 4.2% from 3Q 2023).
• Net income: US$509.0m (up 120% from 3Q 2023).
• Profit margin: 16% (up from 6.7% in 3Q 2023).
• EPS: US$0.72 (up from US$0.34 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AES Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Renewable Energy industry in the US.

Performance of the American Renewable Energy industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for AES (1 is significant) you should be aware of.

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